Program areas at Ensign Joseph Sherwood Mayo Demolay Loan Fund
Provider of low cost and interest free Student Loans. The Ensign Joseph Sherwood Mayo Demolay Loan Fund has only this one Program Service. No Charity Contribtions were made by Ensign Mayo for fiscal year end June 30 2019.
The organization has only one direct charitable activity. The Ensign Joseph serwood Mayo Demolay Loan Fund is a provider of low cost and interest free student loans. For this fiscal year it provided thirteen new student loans totaling $75,000.00.
The organization has only one direct charitable activity. The Ensign Joseph serwood Mayo Demolay Loan Fund is a provider of low cost and interest free student loans. For this fiscal year its book's, profit and loss statement incurred total expenses of $85,292.08, not including its issuance of thirteen new student loans and a net profit of $38,558.02.
All income generated support the organization's mission of providing low cost and interest free student loans. Form 990-pf part xv-a line 13 total is held and reinvested by the Ensign Mayo Joseph Sherwood Mayo Demolay Loan Fund into its publicly traded securities broker, stifel nicolaus & company, inc. and/or the organization's operational checking account and is the primary means the organization can fullfill its philanthropic mission to offer interest free student loans. No other income is generated by the organization's operation, other than public donations and rare student late fees. Students begin repaying their loans three month's after graduation with low cost monthly repayment amounts and no interest. These student repayments aid this masonic organization's cash flow to offer other students new loans.
Personnel at Ensign Joseph Sherwood Mayo Demolay Loan Fund
Name | Title | Compensation | Date of data |
---|
W Scott Walsh | President and Trustee | $0 | 2022-08-22 |
Gene Grice | Past Treasurer | $18,000 | 2015-06-30 |
Scott Walsh | President | $0 | 2014-10-16 |
Financials for Ensign Joseph Sherwood Mayo Demolay Loan Fund
Revenues | FYE 06/2023 | FYE 06/2022 | % Change |
---|
Total grants, contributions, etc. | $560 | $1,656 | -66.2% |
Investment income and dividends | $84,073 | $0 | 999% |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $37,217 | $0 | 999% |
Gross sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $0 | $266,821 | -100% |
Total revenues | $121,850 | $268,477 | -54.6% |
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Data update history
October 10, 2023
Posted financials
Added Form 990PF for fiscal year 2023
August 28, 2023
Posted financials
Added Form 990PF for fiscal year 2022
November 23, 2022
Updated personnel
Identified 1 new personnel
August 1, 2022
Posted financials
Added Form 990PF for fiscal year 2021
July 22, 2022
Updated personnel
Identified 2 new personnel
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
Education
Characteristics
Provides grantsPartially liquidatedTax deductible donationsNo full-time employees
General information
- Address
- 51 Marigold Dr
- Bellingham, WA 98229
- Metro area
- Bellingham, WA
- Website URL
- ensignmayoloanfund.org/
- Phone
- (925) 212-4243
IRS details
- EIN
- 94-6083198
- Fiscal year end
- June
- Taxreturn type
- Form 990-PF
- Year formed
- 1953
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- T20: Private Foundations
- NAICS code, primary
- 813211: Grantmaking Foundations
- Parent/child status
- Independent
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